Here is a clean, standalone write-up for the property at 74 Shakespeare Bay.
Key Characteristics & Appeal
This home is a 1968 build with 1,224 square feet of living space on a 6,178 square foot lot. Its assessed value is $448,000. The property sits slightly above average in its immediate street and neighborhood rankings, particularly for value and build year.
The appeal lies in its position within the market. While the living area is on the smaller side for its street (ranking near the bottom), the assessed value is notably high relative to neighbors, the street, and the city at large. This suggests the property’s worth isn’t driven by square footage but by other factors—likely its lot size, condition, or location within the Westwood neighborhood. The lot size is above average citywide, which adds potential for outdoor space or future development.
This property would suit a buyer who prioritizes land value and strong resale potential over a large interior footprint. It’s a good fit for someone willing to renovate or live in a modestly sized home on a solid piece of land in a stable neighborhood. Investors or homeowners looking for above-average value retention, rather than a move-in-ready showpiece, would find it relevant.
Five Possible FAQs
1. Why is the assessed value high even though the living area is below average on the street?
The assessed value reflects more than just interior size. This property’s lot is larger than many comparable homes citywide, and its year of construction is newer than the average on the street. The value likely also accounts for the home’s condition, updates, or specific desirability of this location within Westwood.
2. How does the lot size compare to other homes in the city?
The lot measures 6,178 square feet. Citywide, it falls in the top 27% of comparable properties, meaning it is above average. This is one of the property’s strongest features relative to the overall market.
3. Is the neighborhood considered a good area for resale value?
The data suggests yes. The property’s assessed value ranks in the top 16% within the Westwood neighborhood and top 13% on its own street. This indicates that homes here tend to hold or increase in value at a faster rate than many surrounding areas.
4. Does the smaller living area make this a harder home to sell later?
It could limit the buyer pool, but it doesn’t necessarily hurt resale value. Since the property is already valued well above the street average despite the smaller size, the market has already priced in that trade-off. Future buyers will likely be similar—those who value land, quiet streets, or a manageable footprint.
5. What does the “Top 48%” citywide ranking for living area actually mean?
It means the home is almost exactly average for living space compared to similar properties across Winnipeg. It is not small by citywide standards, only relative to its immediate street. For most buyers, the interior will feel like a typical mid-century home without being cramped.